The US government has dropped a case brought against 16 executives accused of bribing overseas officials, in a setback for its efforts to step up enforcement of the foreign bribery act.
Citing mistrials and acquittals of three individuals, the Department of Justice filed a motion yesterday seeking to drop charges against the defendants.
The decision was an abrupt reversal on a case the DoJ had heralded as the “largest single investigation and prosecution against individuals in the history” of the foreign bribery act.
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